Event
The economic squeeze on Chile, 1970–1973
U.S. credit and aid policy toward Allende’s Chile, in a dispute over compensation for nationalized U.S. copper companies.
- Dates
- 1970–1973
Connections 3
involved
- United States government the Church staff list three concerns behind covert action: to frustrate Allende’s experiment and limit its attractiveness as a model; fear Chile might harbor subversives; and the determination to sustain compensation for nationalized U.S. firms Primary record 1
- United States government in the 1972 and 1973 Paris Club talks the U.S. alone refused to reschedule Chile’s debt until there was movement on compensation for the copper companies; the staff concluded policy was driven more by political opposition than by technical judgments Primary record 1
- Government of Chile under what became known as the Allende Doctrine it proposed to deduct “excess profits” from compensation, so that U.S. copper companies “were in fact told they owed money” Primary record 1
Timeline 1 date
- 1970–1973 The economic squeeze on Chile, 1970–1973
Proof 1 source
-
Covert Action in Chile 1963–1973: Staff Report of the Select Committee to Study Governmental Operations with Respect to Intelligence Activities, U.S. Senate, 18 Dec 1975.
Primary record
Archived copy
the desire to frustrate Allende's experiment in the Western Hemisphere and thus limit its attractiveness as a model
the determination to sustain the principle of compensation for U.S. firms nationalized by the Allende government.
the United States alone refused to consider rescheduling Chile's foreign debt payments until there was movement toward indemnization for the U.S. copper companies.
American economic policy was driven more by political opposition to an Allende regime than by purely technical judgments about Chile's finances.
U.S. copper companies were in fact told they owed money.
Page history 1 change
- Add 55 stories, each checked against its sources96e92fe6
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